Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2023; threshold 65 %.
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Late annual account NBB
Fiscal year 2023 was filed 271 days after the legal deadline.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MD Recycling from Essen, company number BE0886145280, closed financial year 2023 with a result of € 11,541 after tax. For that financial year MD Recycling recorded a gross margin of € 156,790 and equity of € 205,276. Compared with financial year 2022, the result moved from € 35,028 to € 11,541. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2025.
€ 205,276
▲ 6% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,541
▼ 67% vs 2022
Profit after tax over the fiscal year.
€ 3,619
▼ 69% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 199,076.
People and assets in 2023
1
Average over the fiscal year, from the social balance sheet.
€ 98,111
▼ 31% vs 2022
€ 98,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 62,346
▲ 8% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 20,365
▼ 26% vs 2022
€ 5,551 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 195,155
▲ 44% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 286,630 | € 267,172 | € 156,790 | ▼ 41% |
| Profit after taxes | € 112,681 | € 35,028 | € 11,541 | ▼ 67% |
| Equity | € 158,707 | € 193,735 | € 205,276 | ▲ 6% |
| Total debts | € 514,239 | € 355,699 | € 396,008 | ▲ 11% |
| Cash | € 28,258 | € 11,521 | € 3,619 | ▼ 69% |
| Land & buildings | € 33,339 | € 32,584 | € 28,011 | ▼ 14% |
| Retained profit | € 152,507 | € 187,535 | € 199,076 | ▲ 6% |
| Bank debt | € 30,934 | € 27,705 | € 20,365 | ▼ 26% |
| Balance sheet total | € 672,946 | € 549,434 | € 601,284 | ▲ 9% |
| Employees (FTE) | - | 1 | 1 |
Key figures of MD Recycling, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MD Recycling?
What happened at MD Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MD Recycling is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 11,541 (▼ 67% vs 2022). filed late Source: NBB ↗
- New establishment in Essen. KBO
- Start of the company according to the CBE. KBO
In short
From € 112,681 profit in 2021 to € 11,541 profit in 2023.
Paid € 77,823 in corporate taxes since 2021.
Best year ever: 2021, with € 112,681 profit.
On average € 156,800 of value added per employee in 2023.
A new publication or filing at MD Recycling? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MD Recycling are Glenn Marien and Ludovicus Marien. Glenn Marien is also behind Karimmo.
Directors
According to the 2023 annual accounts
Ludovicus Marien
Director
Establishments
Establishment units
Physical locations of this company
Rijkmakerlaan 38
2910 Essen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0886.145.280
- VAT number
- BE 0886.145.280
- Registered office
- Rijkmakerlaan 38, 2910 Essen
- Names & denominations
- MD Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 5 January 2007
- Peppol
- Active · Active since 31 Jan 2026
- Activities · NACE
Groothandel in autosloopmateriaal
Groothandel in afval en schroot
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Onderhoud en reparatie van auto's
Recycling van metaalafval
Terugwinning van materialen uit afval
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Terugwinning van metaalafval
+1